The international financial market is shaking violently this year. (Photo/Dazhi Image)
The world has faced the inflation crisis this year, which has caused turmoil in the financial market under the continued interest rate hike of the Federal Reserve. Xie Jinhe, chairman of Caixin Media, posted a post on the topic of "The era of value collapse". 2022 has passed three-quarters. In addition to the US dollar's unique position, the speed of the world's fall is unimaginable. No matter how your assets are held, they will suffer a certain degree of loss. This year, including the stock market, bond market, flue market, gold, silver, virtual currency and real estate have all experienced a comprehensive decline. Taiwan's Guguo Shenshan TSMC's market value has also plummeted, evaporating nearly 7 trillion yuan this year.
Global financial market battle royale. Xie Jinhe further analyzed the following four major characteristics. First, the S&P 500 index fell 21% in 1929, and has fallen 24.77% this year, far exceeding the level of the Great Depression; second, the market value of the stock and bond market has shrunk by US$36 trillion this year, which has exceeded the scale of the 2008 financial tsunami, especially this year, the decline in the share price of Deutsche Bank and Credit Suisse has far exceeded the level of 2008. As for the net value loss of Taiwan's life insurance this year, it may be astronomical.
The third point is that due to the decline of funds, the virtual currency that was speculated in the past is now falling to the sky. Bitcoin alone fell from 47107.9 to 19174 US dollars this year, a drop of 59.3%. If calculated from the highest point, the drop is more than 70%. Xie Jinhe mentioned that when Bitcoin rose sharply in the past, the market was talking about NFT, and now they are silent.
The fourth point is the hottest wafer OEM and container shipping last year. This year it has become the focus of killing. Taking TSMC as an example, the market value is 17.71 trillion yuan, and now it has 10.94 trillion NT$ left. TSMC's major customer Huida fell by more than 50% this year, and container shipping stocks are even more tragic. The stock price of 0,000 fell by 80%. Xie Jinhe believes that this is a representative of the decline of Taiji and the decline from prosperity.
